Park Yeon-cha

$3.19B

as of 06/17/20

About Park Yeon-cha

Park Yeon-cha is chairman of Taekwang Industrial, a sneaker manufacturer with more than 70,000 employees.

Founded in 1971, his company has been making shoes for Nike since the 1980s and now has factories in Vietnam, Indonesia and China.

Taekwang is a major supplier to Nike, churning out 60 million shoes (or 12% of output) annually for the brand.

In 2011 he was sentenced to 30 months in jail for tax evasion and bribery, part of a scandal that included the late former president Roh Moo-hyun.

Personal stats

Citizenship

South Korea

Source of wealth

sneakers

Birth date

12/01/45

Number of children

Self-made

self-made

Park Yeon-cha’s fortune is worth

53K

troy ounces of gold

49K

median U.S. household

32K

median U.S. income

0.064%

U.S. credit card volume

0.013%

GDP of the United States

0.009%

United States debt

Net worth history

Annual ranking

Did you know?

He has diversified and Taekwang now also has interests in power generation and fertilizer production.